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The name is a reference to Five Points, which is the center of downtown Atlanta. "Little" Five Points refers to the intersection at the center of the neighborhood. Two points are provided by Moreland Avenue (U.S. 23 and Georgia 42), which runs perfectly north/south, and forms the county line dividing Fulton and DeKalb. Two points are provided by Euclid Avenue, which runs northeast/southwest. The fifth point was originally Seminole Avenue, which met the intersection from the northwest, but the Seminole point was converted to a plaza and there is no longer a five-point intersection, though some regard McLendon Avenue, extending east from Euclid's southern intersection at Moreland, as the new fifth point.

The first Atlanta streetcars were constructed just south of the Little Five Points in the 1890s. According to the National Park Service, as the population grew on Atlanta's east side, the area where the trolley lines converged became one of the earliest major regional shopping centers. Little Five Points thrived until the 1960s, when a proposed freeway through the heart of the district drove residents out of the neighborhood.[2]

Little Five points is home to the Little Five Points Halloween Festival, which takes place every year on the Saturday of Halloween. The official L5P Poet used to freestyle poetry in the square and has a mural located in the alley way between Earthtones and American Apparel, but he has not been present in 2014. Local vendors sell arts and crafts and the highlight of the celebration is the Little Five Points Halloween Parade. The parade features local celebrities, bikers in costume, live music, hearses, several local marching bands, and many parade floats that are put together by community action groups and local businesses. [10]Little Five is also the host of Little Five Fest, which is an annual music festival featuring 50-100 local bands spread across multiple venues. [1]